Eaton Corporation (ETN) income statement
NYSE · Industrials · Electrical Equipment & Parts · 97,303 employees · CEO Paulo Ruiz Sternadt
- Price
- $369.97 -6.03%
- Market cap
- $144B
- Enterprise value
- $165B
- Last report
- Q2 '26 filed 2026-07-31
- Next report
- 2026-11-03 EPS est. $3.54
Eaton Corporation (ETN) reported revenue of $8.53B for Q2 '26 (+21.4% year on year), operating income of $1.39B (16.3% of revenue) and net income of $821M. Over the last four quarters revenue was $30B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.88B | $5.97B | $5.94B | $6.35B | $6.35B | $6.24B | $6.38B | $7.03B | $6.99B | $7.06B | $7.45B | $8.53B | |
| Cost of revenue | $3.68B | $3.73B | $3.73B | $3.94B | $3.9B | $3.81B | $3.93B | $4.43B | $4.31B | $4.46B | $4.8B | $5.68B | |
| Gross profit | $2.2B | $2.24B | $2.22B | $2.41B | $2.44B | $2.43B | $2.45B | $2.6B | $2.68B | $2.6B | $2.65B | $2.86B | |
| Research & development | $187M | $201M | $189M | $196M | $207M | $201M | $198M | $192M | $203M | $203M | $211M | $227M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.24B | |
| Operating expenses | $1.11B | $1.16B | $1.13B | $1.19B | $1.19B | $1.12B | $1.22B | $1.34B | $1.31B | $1.21B | $1.48B | $1.46B | |
| Operating income | $1.09B | $1.08B | $1.08B | $1.22B | $1.26B | $1.31B | $1.23B | $1.26B | $1.37B | $1.38B | $1.17B | $1.39B | |
| Interest expense | $52M | $59M | $57M | $6M | $33M | $46M | $56M | $71M | $67M | $70M | $106M | $201M | |
| Other non-operating income (gains on investments, FX ...) | -$46M | -$72M | $26M | $15M | $22M | $94M | -$4M | -$1M | $25M | $4M | -$41M | $47M | |
| Total non-operating income | -$6M | $10M | -$82M | -$22M | -$55M | -$140M | -$52M | -$70M | -$92M | -$74M | -$65M | -$248M | |
| Income before tax | $1.08B | $1.09B | $1B | $1.2B | $1.2B | $1.17B | $1.18B | $1.19B | $1.28B | $1.3B | $1.11B | $1.14B | |
| Income tax | $187M | $141M | $179M | $201M | $193M | $195M | $212M | $203M | $264M | $170M | $240M | $321M | |
| Net income | $891M | $945M | $821M | $993M | $1.01B | $971M | $964M | $982M | $1.01B | $1.13B | $866M | $821M | |
| EPS (basic) | $2.23 | $2.37 | $2.05 | $2.49 | $2.54 | $2.46 | $2.46 | $2.51 | $2.60 | $2.92 | $2.23 | $2.11 | |
| EPS (diluted) | $2.22 | $2.35 | $2.04 | $2.48 | $2.53 | $2.45 | $2.45 | $2.51 | $2.59 | $2.91 | $2.22 | $2.11 | |
| Shares (basic, weighted) | 399M | 400M | 400M | 399M | 397M | 394M | 392M | 391M | 389M | 388M | 388M | 389M | |
| Shares (diluted, weighted) | 402M | 402M | 402M | 401M | 399M | 396M | 394M | 393M | 390M | 390M | 389M | 390M | |
| Depreciation & amortization | $229M | $231M | $225M | $227M | $235M | $234M | $232M | $261M | $258M | $255M | $272M | $399M | |
| EBITDA | $1.36B | $1.38B | $1.28B | $1.43B | $1.47B | $1.45B | $1.47B | $1.52B | $1.6B | $1.63B | $1.49B | $1.74B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.7B | $20.4B | $21.6B | $21.4B | $17.9B | $19.6B | $20.8B | $23.2B | $24.9B | $27.4B | |
| Cost of revenue | $13.4B | $13.7B | $14.5B | $14.3B | $12.4B | $13.3B | $13.8B | $14.8B | $15.4B | $17.1B | |
| Gross profit | $6.35B | $6.67B | $7.11B | $7.05B | $5.45B | $6.32B | $6.91B | $8.43B | $9.5B | $10.3B | |
| Research & development | $589M | $584M | $584M | $606M | $551M | $616M | $665M | $754M | $794M | $796M | |
| Operating expenses | $3.88B | $3.99B | $4.13B | $3.99B | $3.12B | $3.45B | $3.67B | $4.44B | $4.63B | $5.08B | |
| Operating income | $2.47B | $2.68B | $2.98B | $3.06B | $2.32B | $2.87B | $3.24B | $4B | $4.87B | $5.23B | |
| Interest expense | $233M | $246M | $271M | $236M | $221M | $144M | $88M | $208M | $144M | $264M | |
| Other non-operating income (gains on investments, FX ...) | $116M | -$939M | $287M | $234M | $354M | -$170M | $242M | -$40M | $156M | $33M | |
| Total non-operating income | -$349M | $693M | -$558M | -$470M | -$575M | $26M | -$330M | -$168M | -$300M | -$297M | |
| Income before tax | $2.13B | $3.37B | $2.42B | $2.59B | $1.75B | $2.9B | $2.91B | $3.83B | $4.57B | $4.93B | |
| Income tax | $202M | $382M | $278M | $378M | $331M | $750M | $445M | $604M | $768M | $840M | |
| Net income | $1.92B | $2.99B | $2.15B | $2.21B | $1.41B | $2.14B | $2.46B | $3.22B | $3.79B | $4.09B | |
| EPS (basic) | $4.21 | $6.71 | $4.94 | $5.28 | $3.51 | $5.38 | $6.18 | $8.06 | $9.54 | $10.49 | |
| EPS (diluted) | $4.20 | $6.68 | $4.91 | $5.25 | $3.49 | $5.34 | $6.14 | $8.02 | $9.50 | $10.46 | |
| Shares (basic, weighted) | 455M | 445M | 434M | 419M | 402M | 399M | 399M | 399M | 398M | 388M | |
| Shares (diluted, weighted) | 457M | 447M | 437M | 421M | 404M | 402M | 401M | 401M | 399M | 390M | |
| Depreciation & amortization | $929M | $914M | $903M | $884M | $811M | $922M | $954M | $926M | $921M | $1.01B | |
| EBITDA | $3.28B | $4.53B | $3.6B | $3.71B | $2.78B | $3.96B | $3.95B | $4.96B | $5.63B | $6.2B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01